Sera Capital Management Profile Picture Investment Adviser

Sera Capital Management

Sera Capital Management

  • Founded1990

Financial Tales Portfolio


  • Strategy Etfs / funds
Sera Capital Management’s Financial Tales Portfolio is designed for investors, not speculators. This global tactical strategy invests in a mix of Exchange-Traded Products (ETPs), and seeks to potentially outperform inflation by 5% a year over multiple market cycles. We attempt to achieve that goal while taking on about half the risk of the S&P 500.
We apply a disciplined, rule-based trading methodology to our global investment strategy. We attempt to keep the portfolio invested in what our research suggests are undervalued asset classes while maintaining diversification. We invest in both liquid Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) and utilize technical signals including long-term moving averages and measures of momentum.
Our research uses overlapping neural networks and technical analysis to help us identify emerging asset classes, and ones that we believe have the strongest risk-adjusted return potential. Our neural networks also help us in our attempts to contain the risk of large losses.
We invest in liquid ETFs and ETNs, and typically have between 10 to 20 holdings. We at times may hold as few as 5 securities. Other than cash, no individual security is expected to make up more than 25% of the portfolio. Some holdings may be held for a period of several weeks, although we have other holdings that remain in the portfolio for 3 years or longer.
We typically look at asset class investments in pairs. A buy signal typically triggers a corresponding sell of another asset class. When an asset class becomes a sell without a corresponding buy, we go to cash. At our discretion, we also will sell asset classes that have performed above and beyond our expectations.
None.

Performance

0.3%

Month to date

MTD

-0.1%

Quarter to date

QTD

9.3%

Year to date

YTD

Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 5.1%

    Best quarter

  • -2.7%

    Worst quarter

    • 1% fee
    • $10,000 min
  • Required: Margin account

Performance detail

  • Manager (net of fees)

Performance Portfolio inception Jul 15, 2013

as of Sep 27, 2016 Manager (net of fees ) S&P 500
Month-to-date 0.3% -0.5%
Quarter-to-date -0.1% 2.9%
Last 365 Days 10.9% 14.8%
Since inception (Annualized) 4.9% 8.1%
2016 (YTD) 9.3% 5.7%
2015 -0.7% -0.7%
2014 3.5% 11.4%

Risk metrics Last 365 days

as of Sep 27, 2016 Manager (net of fees ) S&P 500
Volatility 6.7% 14.6%
Sharpe Ratio 1.59 1.00
Sortino Ratio 2.43 1.39
Maximum Drawdown -5.3% -13.3%
Value-at-risk (95%, 1 week) -1.6% -3.4%
vs. S&P 500
Information Ratio -0.36
Alpha 5.7%
Beta 0.33
R-Squared 0.52

Exposure

69.4%
28.9%
  • Debt Fund
  • Equity Fund

Top 5 securities

33.5%
14.9%
10.2%
10.1%
10.0%
View all

Portfolio commentary

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the Portfolio Manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, and earnings distributions, and reflect the deduction of Covestor advisory fees, brokerage and other commissions and expenses actually paid by clients.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. For certain portfolios we use an investable ETF as a benchmark, in these cases returns include management fees, transaction costs and expenses.
  11. This portfolio uses short selling. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  12. This portfolio uses borrowed funds or leverage to fund investments. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.